Get started
jojofang0901

GBPAUD Still Look Fore More Downside

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
jojofang0901 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
23
14
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure.

From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook.
GBPAUD Bearish Development, Watch for Sell

Now that price has broken out impulsively, there's likelihood of further continuations

What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows.

Thank you
Comment:
HTF:
snapshot
Comment:
Comment:
Comment:
Comment:
I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.

Related Ideas

jojofang0901
GBPAUD Watch for more downside
jojofang0901
GBPAUD Bearish Development, Watch for Sell
jojofang0901
GBPNZD top of structure, wait for bearish reversal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.